Pakistan’s Din Group of Industries committed to invest $70 million in the Allama Iqbal Industrial City to set up a new textile unit there after it signed an agreement with the Faisalabad Industrial Estate Development and Management Company, whose chairman Mian Kashif Ashfaq said the group will get a tax holiday and one-time import of machinery without levies.
Din Group chief executive SM Tanveer said the industrial city’s prime location and availability of trained and skilled labour will be a big advantage, according to Pakistani media reports. (DS)
ALCHEMPro News Desk – India
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